Property Details for 1701 Gold Ave

Lot size

1.00 lot acres

Property size

11,778 SF

Property type

Specialty properties

Description

This exceptional 11,778-square-foot former church presents a unique redevelopment or owner-user opportunity in Albuquerque's vibrant University submarket. Located directly across from the University of New Mexico, this single-tenant property benefits from a high daytime population of 38,924 within a one-mile radius. The University itself employs nearly 14,000 and serves over 28,000 full-time students, creating a substantial and consistent population base. The property sits on one acre of land and is zoned R-MH, offering flexibility for various uses. Its proximity to major employers like UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center further enhances its appeal. This is an excellent investment opportunity situated in an Opportunity Zone, providing potential preferential tax benefits. The property's size and location make it ideal for a variety of adaptive reuse projects, catering to the significant demand in this thriving university area. The cross street is University, providing excellent visibility and accessibility. This is a rare chance to acquire a substantial property in a high-demand location with significant potential for future growth and return.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.628

Latitude

35.0804